Chapters
00:00 Intro: Mentality and Psychology
04:46 Know Yourself
08:20 Nick: QQQs to 300?
09:20 When Everything Seems Terrible
14:59 SPY 380 to 390
19:36 Is the Market Coming Off the Rails?
21:10 Ben: Rates and Growth
22:13 Is the Fed Behind the Curve?
27:20 Ben: Buying Microsoft, Apple and Nvidia
30:31 Financials and the Secular Bull
33:03 Price vs the Business
37:07 GP: Options as the Main Vehicle
39:09 GP: Holding Cash for the Next Leg
40:44 2008 vs Now
42:18 GP: The Nasdaq Leads Down
46:27 Cars and Housing
50:06 Nick: The QQQs' 345 Retrace
52:07 Nick: 300 to 310 and the Leaders
54:12 Nick: The 360 to 370 Confirmation
58:16 Zendesk
1:02:24 Nick: Energy, Gold and Miners
1:03:25 Ben: Charting Union Pacific
1:08:00 Nick: CAT, DE and Tractor Supply
1:11:46 Ben: Bitcoin's Weekly 21 EMA
1:12:17 Gold vs Crypto for Inflation
1:17:23 Ben: Roku's Chart
1:20:34 Ben: His Watchlist and Nvidia
1:25:14 Airbnb and Cloudflare
1:28:50 Ben: Tesla at 700
1:29:21 When to Sell a Long-Term Hold
1:31:55 SoFi as a Bank
1:34:32 Wrap-Up
Market Hours #10 went out live on Thursday, March 3, as a Honeycomb Hideout session with Ben and Nick, GP for part of the show, and several community members. The talk opened on trading psychology and knowing yourself. Nick is in the camp for a rollover toward 300 on the QQQs and needs 345 to hold before he gets more bullish. Ben keeps buying long-term names and watches Bitcoin's weekly 21 EMA. The group also covered rates, options flow, the Nasdaq, energy and gold miners, Union Pacific, Roku, Nvidia, Cloudflare and Tesla.
Nick's setups, levels and trades
Nick said "if you're in the camp that we're going to roll back over you know which is the camp that i'm kind of in like i think we're going to see like q's 300." On the QQQs, "that 345 ish area right here is that 50 retracement of this leg so for me to even begin to get more bullish this 345 has to stay and hold." "Q 300 let's just say 300 to 310 coincides with like you know tesla 600." "That next area of confirmation would be this kind of 360 to 370." In energy, PXD is one of his "main two," and "everything else is mostly gold and gold miners." "I have cat and de," and he pulled up Tractor Supply too.
Ben's setups, levels and trades
Ben said "rates going up aren't totally a bad thing for growth." He has put "money to work already you know in the last three weeks in microsoft and apple," and Nvidia, which is "the new position that i took a couple weeks ago." When charting Union Pacific for the first time, "i like to go to a weekly or a monthly time frame," with RSI as "my main indicator." On Bitcoin, "my number one indicator on the old bitcoin is where are we against the weekly 21 ema," and "i've been putting money to work in crypto and i haven't bought any gold." "I stake all my polka dot." On Roku, "there's nothing to say it can't do what gp's expecting it to do i just don't see it going there." He might add to "existing positions like apple and microsoft and amd," and on Tesla, "that 700 was beautiful."
GP's setups, levels and trades
GP said "at some point in time people will use options as their main investing vehicle," and "10 plus years i've been doing this i've never seen that kind of two three day put and call bodies." "You should still have cash on the sidelines to to buy that next leg lower." "The nasdaq has been leading down the whole way through rates go down nasdaq goes down."
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